Cement News tagged under: USA
Colombia: Argos 3Q15 profits jump 63% YoY23 November 2015, Published under Cement NewsCementos Argos has announced a 63 per cent hike in profits for 3Q15. Revenues are up 35 per cent while EBITDA saw a 41 per cent advance. Dispatches were up to a record 3.8Mt, a 15 per cent rise. For the nine-month period ended September, total cement sales reach 10.7Mt, reflecting an increase of 14 per cent when compared with 9M14. Argos concrete sales, which were particularly successful in the US and Colombia, advanced seven per cent to 9Mm3 in the quarter and five per cent in the first nin... |
US House of Representatives passes multi-year highway bill06 November 2015, Published under Cement NewsThe Portland Cement Association (PCA) has applauded the US House of Representatives for today’s passage of the Surface Transportation Reauthorization & Reform Act (STRRA), a multi-year federal highway bill. With passage of this bill Congress moves one step closer to completing work on vital infrastructure legislation that will help spur economic growth across the country. The bipartisan measure sets federal surface transportation policy for a six-year period, including critical reforms tha... |
US: Summit Materials reports 3Q rise in volume and prices across all lines of business04 November 2015, Published under Cement NewsSummit Materials net revenue increased 22.4 per cent to US$426.3m in the third quarter of 2015, compared to US$348.1m in the same period a year earlier. The increase in net revenue was primarily attributable to an increase in volumes and price across all lines of business, led by the West and Central regions. Net revenue grew organically by US$4.7m, or 1.3 per cent, compared to the prior year quarter. Further adjusted EBITDA increased 55.2 per cent to US$120.4m, compared to US$77.6m ... |
Martin Marietta Materials expects aggregates prices to improve by some 8%04 November 2015, Published under Cement NewsMartin Marietta Materials, with a full year’s contribution from Texas Industries (TXI) increased turnover by 28.2 per cent to US$2695m in the first nine months of the calendar year while EBITDA advanced by 54.7 per cent to US$542m. The trading profit rose by 74.3 per cent to US$342.1m and the net interest charge rose by 27.6 per cent to US$57.4m. The pre-tax profit advanced by 94.2 per cent to US$291.3m and with the tax charge rising by a more modest 43.6 per cent, the net profit more th... |
PCA announces organisational changes in DC office, USA03 November 2015, Published under Cement NewsThe Portland Cement Association (PCA) has announced the addition of Rachel Derby to its Washington, DC staff. Derby will serve as vice president of government affairs, focussing on legislative relationships and advocacy. PCA also announced that effective November 1, A Todd Johnston has been promoted to executive vice-president of government affairs and that Collin Long has been promoted to senior director of government affairs. “We are very pleased to have Rachel join PCA,” said James G. T... |
CTLGroup announces new hire appointment29 October 2015, Published under Cement NewsAmy Trygestad, PE, FACI, has joined CTLGroup as a Principal Engineer. She is a licensed Professional Engineer with over 20 years of experience in the structural design and construction industry. She hold a Bachelor and Master of Civil Engineering from the University of Minnesota. Her experience includes engineering consulting, programme management, concrete subcontracting, ready-mixed concrete production, and strategic marketing and technical enhancement of concrete construction. Ms. T... |
Eagle Materials reports record quarterly cement earnings and volumes27 October 2015, Published under Cement NewsEagle Materials Inc posted yesterday record quarterly Cement and Paperboard division operating earnings as demand for the company's building materials and construction products remained strong in each of its regional markets “Eagle's construction products and building materials businesses continued to perform exceptionally well during the second quarter, with the Cement and Paperboard businesses reporting record quarterly operating earnings and our wallboard and concrete and aggregates b... |
Heidelberg's European bet22 October 2015, Published under Cement NewsFollowing the completion of the LafargeHolcim merger in mid-July, less than a fortnight later, HeidelbergCement announced its intention to buy Italcementi. The acquisition would consolidate HeidelbergCement’s no 2 position in the cement industry and regain its market leadership in the aggregates sector. ICR examines the drivers behind this latest M&A activity in the cement industry. With the Italcementi acquisition, HeidelbergCement takes a punt at the forecast Mediterranean recovery ... |
PCA: US cement industry records its most energy efficient year yet21 October 2015, Published under Cement NewsThe amount of energy required to produce 1t of cement decreased 1.1 per cent in 2014 from the previous year’s levels, according to PCA’s latest US Labor-Energy Input Survey. Plants averaged 4.384m BTUs per ton. The PCA notes that this represents the most energy efficient year since tracking began for US cement manufacturing. The use of alternative fuel at cement plants was also on the rise in 2014, as 15 per cent of all energy needs are achieved through alternative fuel and 75 per cent of a... |
USA: Lehigh Hanson announces new president & CEO19 October 2015, Published under Cement NewsLehigh Hanson Inc, part of HeidelbergCement, announced Friday that Jon Morrish will succeed Daniel M Harrington as the company’s President and Chief Executive Officer. Mr Harrington will retire after more than 20 years of service with the company and having held the position of President and CEO since 2010. "Under his leadership, Lehigh Hanson successfully managed through one of the worst economic downturns in recent history and capitalised on the market recovery in the last few years. Har... |